Is the sale of an old house & purchase of a new house show on my tax return?

  Written by Marc   Posted 19 August 2015

If I sold my old house for R830,000 & bought a new house for R1,150,000 do I need to inform SARS of this?
I did this in order to move closer to my place of employment.

Academic fees from SARS?

  Written by Marc   Posted 19 August 2015

I'm a full time student who works at different places over weekends to fund my studies which are ~R50K p. A
Is there a portion that I can be able to claim back from SARS?

May I claim the money I paid for my childs training institute?

  Written by Marc   Posted 18 August 2015

May I claim the money I paid for my child's training institute?

Audit taking forever - now escalated ?

  Written by Evan   Posted 18 August 2015

Hi guys, I submitted my tax return on the 1st July. My tax return was assessed and it was shown that a payout was due but I was selected for an Audit. After waiting 31 days I phoned and they acknowledged that this had taken longer than the stipulated time and escalated my query... I was told this could take a further 21 days???

Are we really at the mercy of the system or is there any other recourse we can take? (straight forward tax return - no vehicle allowance etc. )

Delay for my refund from sars when I submitted on the 5th and I'm due for a refund

  Written by Marc   Posted 18 August 2015

Hi Tim
I submitted my income tax return on the 5th of August 2015 and I'm due for a refund and my refund will not be audited but up to now no money have send to me do you you perhaps know what might cause all this delay. Regards
Mr Sihle Majola

Is spousal maintenance a taxable income?

  Written by Marc   Posted 18 August 2015

Is spousal maintenance a taxable income?

Medical contribution codes

  Written by Marc   Posted 18 August 2015

If my contribution towards medical aid is R1000, deducted from my salary, and the company pays the other R1000 (50/50) is the code 3810 then supposed to be R24,000?

My understanding is that code 4005 plus 4474 equals code 3810 or have I got it completely wrong?

Will I be able to claim a refund from SARS?

  Written by Marc   Posted 18 August 2015

Hi Tim I didnt submit any tax returns since 2006 as I was unemployed but got permanent employment last year (2014). I have submitted a tax return for 2014/15 tax year. Will I be able to get a refund if its due?

My tax reference number

  Written by Marc   Posted 18 August 2015

I live overseas but would like obtain my income tax reference number. Is there an easy way to do this without calling SARS and waiting so long on an international call?

The higher your local liabilities the lesser our tax amount payable on our completed return or other

  Written by Marc   Posted 18 August 2015

Do we pay less tax or more tax if our local liabilities are higher for example - Car finance and credit card debt?

Medical tax certificate

  Written by Marc   Posted 18 August 2015

I want to enquire about my medical tax certificate because I enquire since last week bt there is no respond from gems

Where did I fill this codes IT3B, T3C, IT 3(b), & IT 3(C)

  Written by Marc   Posted 18 August 2015

What is a difference between IT3B, T3C, IT 3(b), & IT 3(C)

Will he be taxed and will he be able to claim a deduction?.

  Written by Marc   Posted 18 August 2015

A sole trader, pays himself a salary of R4000 per month. Will he be taxed on this amount?. Will he be able to claim a deduction of this amount from his business profits?.

Salary 10 000 + 2000 fuel allowance - tax?

  Written by Marc   Posted 18 August 2015

If I receive a monthly salary of R10000 and a fuel allowance of R2000 - how much will I clear

How much money am I getting after the second assessment?

  Written by Marc   Posted 18 August 2015

After the second assessment SARS says "Your assessment has been concluded and reflects an amount refundable to you of -R2056. 00". And then: "the current balance on your assessed account is R331. 72"

What does this mean?

There has been a lot of assessments done and I am now confused with what is happening. Is there an amount that will be payable to me here?

How much will my pension fund lump sum be taxed upon resignation on e.g R200 000

  Written by Marc   Posted 18 August 2015

I am resigning from a government position and I am taking my pension payout as a lump sum. I was told that the full amount will be taxed. I would like to find out what the tax percentage will be?

Out of pocket medical aid expenses from prior years.

  Written by Marc   Posted 18 August 2015

Previously I was a SITE taxpayer and did not have submit an income tax return but I was on a medical aid which I paid out of my own pocket. Currently, I have to submit my income tax return. Can I still claim for these qualifying medical expenses as it is within 3 years. I do have my medical certificates as well from my medical aid. If I can claim should I add this to my current tax return or is there additional forms that I need to complete?

Are Gap Cover monthly payments tax deductible?

  Written by Marc   Posted 18 August 2015

Are Gap Cover monthly payments tax deductible? "Gap cover falls under the definition of �%u20AC%u0153accident and health policy�%u20AC�, in the Short Term Insurance Act No. 53 of 1998, or the Long-term Insurance Act, 1998 and not the Medical Schemes Act, 1998. " My gap cover has said they are unable to give me a tax certificate because it is not tax deductible. Please can you assist.

Dont have IRP5 for 2007 and SARS is request me to submit

  Written by Marc   Posted 18 August 2015

SARS is requesting a tax return for 2007 but I dont have a IRP5 for that year. My previous company never kept records. I have been filing since 2008 to date and have never been asked before to submit 2007. How do I proceed now?

Am I and independent Contractor or a Bookkeeper for tax purposes; can I deduct a pc course as an exp

  Written by Marc   Posted 18 August 2015

I am a bookkeeper for 2 entities with the same directors, but different company and tax numbers. I invoice a fixed fee per month, but split it based on the pro-rate turnover per entity. I work form my study although I also do visit their office especially certain periods during the month - ie mid-month for invoicing and month end to balance the books. Question: Does this mean I am an Independent Contractor? Is this applicable for the 80/20 split as an independent contractor? Do they have to deduct tax from me on a monthly basis?...

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Tax implications on unit trust for a new born child

  Written by Evan   Posted 17 August 2015

Hi Tim
What are the tax implications if I have a unit trust fund for my child. Do I need to disclose the interest and capital gain on sale in my tax return? Thank you

If Audited, does the results come out after 21 Days or can it be before then?

  Written by Marc   Posted 17 August 2015

Hi Tim, my tax returns were Audited since 30/07/2015. How long still can this take, will I know the results exactly after 21 days or can it be before then?

Regards

TMan

Medical aid tax credits on my ITR12

  Written by Marc   Posted 17 August 2015

Hi, I submitted documents for an audit. It has now been 24 working days and SARS can still not give me an answer. I was told to call back after 30 working days. My employer does not pay my medical aid, makes no contributions whatsoever, there is no tax credit for medical aid on my IRP5. Surely I am to be refunded as my tax was not adjusted to make provision for the tax credit. According to my IT34A I am to receive a refund, but was asked to submit documents as they have audited me.

My provisional tax paid to date totals more than my provisional earnings for tax year 2015.

  Written by Marc   Posted 17 August 2015

I have successfully completed my tax returns via SARS eFiling for several years. Reason for registering with your website is to get further advice on my provisional tax submissions (2015-1 / 2015-2) already made) and support with my salaried tax submission for 2015. I have already paid SARS two amounts totalling more than my provisional earnings for tax year 2015. So.. It's imperative that if I have overpaid SARS that I get this back when filing my tax return for 2015.

Do foreign nationals with South African work permits qualify for the offshore tax exemptions?

  Written by Marc   Posted 17 August 2015

I am a foreign national (New Zealand) based in South Africa on a work permit, working for a South African company. However all of my work is "offshore" in the DRC in the mining industry. I am away from South Africa for about 300 days per year for up to 60 days at a time. Can you please let me know if I qualify for the tax exemption on my salary. Thanks, Dan
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